CS/HB 275 - Loss Run Statements Summary

• Amends sections 626.9202 and 627.444 to revise the definition of "loss run statement" to clarify that it does not include supporting claim file documentation protected by privilege, and for group health insurance, requires inclusion of premiums paid, number of insureds monthly, and dependent status.

• Requires insurers to provide loss run statements to insureds within 15 calendar days after an individual or entity designated by the insurer receives the written request, either directly or by providing information on how to obtain through a consumer reporting agency at no charge.

• Changes claims history requirement in loss run statements from 3 years to 5 years, or a complete claims history if less than 5 years available.

• Restricts loss run statement requests for group health insurance policies to only the group policyholder, prohibiting requests from individual employees or dependents.

• Repeals section 627.6647 relating to release of claims experience and takes effect upon becoming law.